Investors sold off Tesla Inc. (TSLA) stock this week in light of the electric vehicle manufacturers's most recent quarterly 澳洲幸运5官方开奖结果体彩网:earnings call, in which 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer Elon Musk proved yet again that there is seldom a dull moment when it comes to his Silicon Valley car company. Some on the Street criticized the widely followed serial 澳洲幸运5官方开奖结果体彩网:entrepreneur's dismissal of a couple of analysts questions, which he called "boring" and "not cool" as he shifted attention to a pro-Tesla YouTube personality. (See also: 澳洲幸运5官方开奖结果体彩网:Why Tesla Is Burning Through Cash.)

Morgan Stanley's Adam Jones described Tesla's Q1 call as the most unusual he had experience in his two decades on the 澳洲幸运5官方开奖结果体彩网:sell side. Yet not all took the bizarre stand-off between Musk and his questioners as a reason to become more bearish onꦇ the stock. In fact, the Palo Alto, California-based company scored its most bullish outlook yet from a team of analysts who expect the stock to skyrocket nearly 83% over 12 months.

Trading up about 1.9% at $289.81 on Friday afternoon, TSLA reflects a 6.9% loss 澳洲幸运5官方开奖结果体彩网:year-to-date (YTD) and a 1.9% decline over the most recent 12 months, underperforming to the 澳洲幸运5官方开奖结果体彩网:S&P 500's 0.5% fall and 11.3% return over the same respective periodꦅs. 

TSLA to 'Almost Reach Positive FCF by Year End'

After Tesla's Q1 results, New Street Research initiated coverage on shares of the automaker at 澳洲幸运5官方开奖结果体彩网:outperform with a 澳洲幸运5官方开奖结果体彩网:price target of $530, topping the previous Street high by $60 and forecasting a 澳洲幸运5官方开奖结果体彩网:market capitalization of as high as $300 billion. 

"We find Tesla will almost reach positive 澳洲幸运5官方开奖结果体彩网:free cash flow by year end, despite missing unreasonable early production volume expectations," wrote New Street Research analyst Pierre Ferragu, formerly of Sanford Bernstein. In the three months ended April, Tesla 澳洲幸运5官方开奖结果体彩网:burned through cash slower than analysts expected, exceeding top line and 澳洲幸运5官方开奖结果体彩网:bottom line estimates and reiterating a targeted rate of about 5,000 Model 3 units per week in two month's t🔥ime. Despite falling short of its goal to product 2,500 Model 3s by the end of Q1, the🐻 automaker said its weekly production for its first mass-market sedan went as high as 2,270 in mid-April.

On Friday, Musk took to Twitter Inc. (TWTR) in defense of his combative tone with analysts on the Q1 call, reminding his followers that Tesla is the most-shorted U.S. equity, and has been for a while, indicating that the two questions he ignored were from sell-side analysts hoping to dig for comments that would support their bearish thesis on TSLA. (See also: Musk Promises 'Short Burn of the Century'.)